By Amey Stone

I think it is a reasonable strategy to start legging into the Treasury market…We’ve been buying a little bit today … we bought a small amount of guaranteed mortgages.

Treasuries were trading higher Wednesday morning after a 10-day downturn ahead of this week’s Federal Reserve meeting. The 10-year note was at 1.9% at 8:50 a.m. ET, down from 1.9% Tuesday. A Fed statement is due at 2 p.m. ET Wednesday.

He also said “helicopter money is going to happen” as the central bank looks to stimulate the economy by effectively putting money in consumers’ pockets.

Ablan summed up Gundlach’s correct market calls:

Last year, Gundlach correctly predicted that oil prices would plunge, junk bonds would live up to their name and China’s slowing economy would pressure emerging markets. In 2014, Gundlach correctly forecast U.S. Treasury yields would fall, not rise as many others had expected.

And a new one:

Last month, Gundlach told Reuters that he foresees a “global growth scare” between now and the end of the summer, triggered by a presidential nomination of Donald Trump.

Trump’s protectionist policies could mean negative global growth, Gundlach warned. “As he gets the nomination, the markets and investors are going to worry about it more. You will see a downgrading of global growth based on geopolitical risks. You must factor this into your risk-management.”

Amey Stone is Barron’s Income Investing blogger and Current Yield columnist. She was formerly a managing editor at CBS MoneyWatch, MSN Money and AOL DailyFinance. Her responsibilities included overseeing market coverage and personal finance topics. Prior to those roles, she was a senior writer at BusinessWeek where she authored the Street Wise column online and contributed to the magazine’s Inside Wall Street column. Topics covered included economics, corporate finance, Fed policy, municipal bonds, mutual funds and dividend investing. She co-authored King of Capital, a biography of Citigroup Chairman Sandy Weill. She is a graduate of Yale University and Columbia University’s Graduate School of Journalism.